This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and HitBTC ZCoin USD. You can compare the effects of market volatilities on LiveCoin Emercoin and HitBTC ZCoin and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in LiveCoin Emercoin with a short position of HitBTC ZCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Emercoin and HitBTC ZCoin.

Comparative Performance

Risk-Adjusted Performance

Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Emercoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.

Risk-Adjusted Performance

Over the last 30 days HitBTC ZCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, HitBTC ZCoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Pair Corralation between LiveCoin Emercoin and HitBTC ZCoin

Diversification Opportunities for LiveCoin Emercoin and HitBTC ZCoin

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin USD and HitBTC ZCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC ZCoin USD and LiveCoin Emercoin is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on LiveCoin Emercoin USD are associated (or correlated) with HitBTC ZCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC ZCoin USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and HitBTC ZCoin go up and down completely randomly.